Features and benefits of our home loan
00:36
How to apply for our home loan
Follow these simple steps to apply for a home loan on our app or website
-
Loan amount of Rs. 15 crore*
Owing a home is a lifelong dream. With our sizeable loan amount of up to Rs. 15 crore* to fulfil your aspiration sooner than later.
-
Low interest rates
Self-employed doctors can avail of the loan at interest rates starting at 7.60%* p.a and monthly instalments as low as Rs. 746/lakh*..
-
Approval in 48 Hours*
Your loan application will be approved within 48 Hours* of your application, in some cases, even earlier.
-
Tenure of up to 25 years*
Repay your loan comfortably with our long payback tenure ranging up to 25 years*.
-
No foreclosure fee for individuals
Individual borrowers who choose a floating interest rate can foreclose the entire loan or prepay a part of the loan without paying an additional fee.
-
Hassle-free application
Our doorstep document pick-up service helps to skip numerous branch visits and enables an easy application process.
-
5000+ approved projects
We have partnered with 5,000+ approved projects to make the home selection process easier. You can choose a pre-approved project to avail of a quick loan.
-
Balance Transfer facility
Benefit from our home loan balance transfer facility and avail of a top-up loan of up to Rs. 1 crore* or higher*.
-
Externally benchmarked interest rates
You have the option to link your interest rate to an external benchmark such as the Repo Rate. This helps you benefit during favourable market trends.
-
*Terms and conditions apply
Eligibility criteria and documents required
Anyone can apply for our home loan as long as they meet the criteria mentioned below.
Eligibility criteria
- Nationality:
You must be an Indian citizen residing in India. - Age:
A self-employed doctor must be between 23 years to 70 years
*The upper age limit is considered as the age at the time of loan maturity.
- CIBIL Score:
A CIBIL Score of 725 or higher is ideal to get a home loan.
- Employment status:
As a self-employed doctor, you must hold an MBBS or subsequent higher degree. You should also have a business continuity of over 5 years in your current practice.
Documents required:
- KYC documents (identity and address proof)
- Proof of income (P&L statement)
- Proof of medical practice existence, and
- Account statements for the last 6 months
Note: This is an indicative list that may change based on your actual loan application.
How to apply for a home loan
00:35
-
Did you know?
You can avail of tax benefits on your home loan that can help you save on taxes.
-
Did you know?
You can transfer your home loan to us and get additional benefit of top-up loan.
-
Did you know?
You can calculate your home loan EMIs using our EMI calculator.
-
Did you know?
A higher CIBIL Score will help you get better home loan interest rate.
Applicable fees and charges
We advise you to read about our fees and charges thoroughly before applying.
Type of fee |
Applicable charges |
Rate of interest |
7.60%* to 10.30%* p.a. |
Processing fees |
Up to 4% of the loan amount + GST as applicable |
Bounce charges |
For loan amounts up to Rs. 15 lakhs: Rs. 500 |
Penal charge |
Click here to know about the penal charges. |
Interest and principal statement charges |
NIL |
Part-prepayment charges |
(1) For individual and non-individual borrowers with floating interest rate loans for non-business purposes:
(2) For individual and non-individual borrowers with floating interest rate loans for business purposes and all borrowers with fixed interest rate** loans:
*GST as applicable will be payable by the borrower in addition to the prepayment charges, if any. **Nil for home loans closed by borrowers out of their own sources. Own sources refer to any source, other than borrowing from a bank/NBFC/HFC and/or a financial institution. Note: In the case of dual-rate home loans (fixed for the initial period and then floating), the foreclosure/part-prepayment charges will be applicable as per the status of the loan as on the foreclosure/part-prepayment date. |
Foreclosure charges |
(1) For individual and non-individual borrowers with floating interest rate loans for non-business purposes:
(2) For individual and non-individual borrowers with floating interest rate loans for business purposes and all borrowers with fixed interest rate** loans:
*GST as applicable will be payable by the borrower in addition to the prepayment charges, if any. **Nil for home loans closed by borrowers out of their own sources. Own sources refer to any source, other than borrowing from a bank/NBFC/HFC and/or a financial institution. Note: In the case of dual-rate home loans (fixed for the initial period and then floating), the foreclosure/part-prepayment charges will be applicable as per the status of the loan as on the foreclosure/part-prepayment date. |
Still haven’t found what you are looking for? Click on any of the links at the top of this page.
Frequently asked questions
A home loan is a credit borrowed from a financial institution to buy a home. The loan is given at an interest rate depending on your profile. While taking the loan, you choose a repayment period to pay back the amount (principal) and interest in equated monthly instalments (EMIs). You can either choose a fixed interest rate or a floating interest rate.
You can easily get a home loan of up to Rs. 15 crore* from Bajaj Finserv if you meet our eligibility criteria. The sanctioned loan amount depends upon essential factors like your age, income profile, CIBIL Score, and some other criteria.
Salaried professionals applying for a fresh home loan with Bajaj Finserv, must have the listed documents:
- KYC documents (identity and address proof)
- Proof of income (6 months’ salary slips)
- Last 6 months' account statements
Self-employed doctors applying for a fresh home loan with Bajaj Finserv must have the listed documents:
- KYC documents (identity and address proof)
- Proof of income (P&L statement)
- Proof of medical practice existence, and
- Account statements for the last 6 months
Once you have submitted all the essential documents, the loan will be approved within 48 Hours*. In some cases, it can get sanctioned even earlier.
* Terms and conditions apply
